Higher interest rates would effectively increase the capex costs for automakers, as well as financing costs for vehicle buyers. The only sustainable way out of this double whammy would be a pick-up in employment and growth and consequently, demand
Passenger vehicle market leaders Maruti Suzuki and Hyundai reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production
India’s automobile industry has the potential to be the third-largest auto market in the world, and an important pillar for India to become a $5 trillion economy — Budget reforms will play a key role in it
Sales momentum in the automobile industry, which was on a high after a good festive season in September and October last year, came to a halt when the ban on Rs 500 and Rs 1,000 notes was announced in early November, according to Goenka.
In the 60s and 70s, India produced around 100 cars per day. Today that figure stands at around 8,800 cars a day, clearly, the Indian automobile sector has come a long way.
Uber's chief advisor, David Plouffe says the memorandum of understanding (MoU) signed with the Indian government will result in organised employment in the country.